AURORA, Ontario, March 28, 2025 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2024 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. Magna has also filed these documents with the… Continue reading Magna Posts 2024 Annual Report
Author: Magna International Official News
Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies
Magna to integrate NVIDIA DRIVE AGX, built on DRIVE Thor SoC, for next-generation vehicle intelligence Collaboration to deliver AI-powered, scalable solutions for ADAS and autonomous driving systems, enabling software-defined vehicles In-vehicle accelerated compute platform will enable advanced active safety and comfort functions, interior cabin AI solutions and more AURORA, Ontario, March 18, 2025 (GLOBE NEWSWIRE)… Continue reading Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies
Magna Announces Fourth Quarter 2024 Results and 2025 Outlook
Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively Generated $1.9 billion in cash from operating activities Returned $335 million to shareholders through dividends and share repurchases Raised… Continue reading Magna Announces Fourth Quarter 2024 Results and 2025 Outlook
Magna Expands Long-Term Innovation Partnership with Mercedes-Benz
Ongoing collaboration underscores commitment to innovation and excellence in the automotive industry Partnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roader Magna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) — For… Continue reading Magna Expands Long-Term Innovation Partnership with Mercedes-Benz
Magna International Inc. Announces Date for Q4 & Year End 2024 Results and 2025 Outlook Webcast
AURORA, Ontario, Jan. 08, 2025 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR Q4 & YEAR END 2024 RESULTS and 2025 OUTLOOK WEBCAST FRIDAY, FEBRUARY 14, 2025 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/672335329 DIAL-IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963… Continue reading Magna International Inc. Announces Date for Q4 & Year End 2024 Results and 2025 Outlook Webcast
Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award
Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEM New 800V solution ensures a smooth and comfortable experience in all driving conditions Scalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) — As OEMs increasingly prioritize hybrid… Continue reading Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award
Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the… Continue reading Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
Magna Announces Third Quarter 2024 Results
Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle production Diluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenue Adjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rate Normal Course Issuer Bid to purchase up… Continue reading Magna Announces Third Quarter 2024 Results
Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM
First high-volume contract award for new product supports various vehicle models globally with ICE transmissions New modular Dual Clutch Transmission enables seamless hybrid transition on the same vehicle platform with minor changes Efficient and compact design with optimized torque-to-weight ratio results in lower CO² emissions, contributing to a cleaner future AURORA, Ontario, Oct. 29, 2024… Continue reading Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM
Magna Announces Date for Q3 2024 Results Call
AURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.THIRD QUARTER 2024 RESULTS WEBCAST FRIDAY – NOVEMBER 1, 20248:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/431432937 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 Slide presentation will be available on… Continue reading Magna Announces Date for Q3 2024 Results Call